Hedge funds appear to be moving back into positive territory after wrapping up one of the industry’s worst years on record.
Pimco today launched a global bond mutual fund, the Pimco Global Advantage Strategy Bond Fund (PSAIX).
After forecasting dismal 2008 results, Swiss Reinsurance Group has announced that it will receive a capital infusion from billionaire Warren E. Buffett.
Will Fuller has joined Lincoln Financial Distributors of Philadelphia as president and chief executive, effective Feb. 13.
Regulators and members of the futures industry met before the House Agriculture Committee to debate the regulation of credit default swaps and other derivatives.
Iowa’s insurance commissioner yesterday posted a bulletin that would allow life insurers in that state to apply deferred tax assets toward 15% of their statutory capital and surplus levels.
The Department of Labor today delayed implementation of a rule that would have allowed most investment advisers to give specific advice to 401(k) participants.
ING Groep has sold off its 70% stake in its Canadian property/casualty unit, ING Canada Inc., in an attempt to bulk up its balance sheets.
Aviva announced that full-year 2008 life insurance and pension sales hit a company record of 11.9 billion pounds ($17.2 billion) in the United Kingdom.
Homebuyers took advantage of low mortgage rates and falling home prices in December as pending sales of existing homes shot up more than 6% from the previous month.
Curian Capital LLC has introduced limited exposure to alternative-class investments on its separately managed accounts platform.
The majority of hedge funds based in the United States are voluntarily registering with the Securities and Exchange Commission, according to Hedge Fund Research Inc. in Chicago.
Municipalities stepped up their issuance of bonds by 5.3% in January, from a year ago, according to The Bond Buyer.
Actively managed exchange traded funds may finally start to take off as mutual fund companies look to differentiate themselves in a tough market, according to some industry experts.
With AIG shedding a number of its businesses to pay back government loans, its money management unit — which runs more than $111 billion in global assets for external retail and institutional clients — appears to be the next business to be put on the block by the distressed insurance giant.
Investing according to strict environmental, social and governance principles is fast gaining acceptance among U.S. investors.
Charles Schwab & Co. late last month began waiving fees or reimbursing expenses on its $30.5 billion U.S. Treasury Money Fund, which is used as a sweep account by many clients for their free credit balances — but you had to be something of a detective to discover the move.
If financial advisers are trying to figure out where to find decent returns in the equity markets this year, they might want to seek out Tom Forester — the only portfolio manager whose mutual fund produced a positive return last year.
A National Association of Insurance Commissioners executive group last Thursday vetoed a proposal from the insurance industry to loosen required capital and surplus levels.
Despite the fact that 2008 saw a record 46 exchange traded funds close, the total number of ETFs actually increased year-over-year to 747, from 629, according to a report released today by State Street Global Advisors of Boston.